Flex Space with Fenced
For Sale
$499,900
1229 Malone Street, Gadsden, AL 35901
Business Opportunity, Gadsden, AL
Property Size9,696 SF
Lot Size2.00 Acres
Price / SF$51.56
Days on Market91
Property Features for 1229 Malone Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Directions
Mega Visibility From Hwy 431, Turn Onto 12st Then Right Onto Malone St And Business Is On The Right.
Standard status
Active
Size
9,696 SF
Lot size
2.00 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1940
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Corporate South Realty,Inc
(256) 543-1292
Listed By:
Wesley Sutton · License #78909
(256) 504-7665
Added: Jun 29
Changed: Sep 12
Last Checked: Sep 27 at 8:06AM
MLS# 21880599
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property combines warehouse and office improvements with a fenced yard area. The main facility includes open work or storage space, office areas with visibility into the operating floor, concrete flooring, a metal roof, and two bathrooms. A 12-by-12 roll-up door supports access to the warehouse area.
A detached 1,380-square-foot metal building provides additional space for business operations, storage, or equipment. The property encompasses approximately 2 acres and is served by public water and public sewer. Located on Malone Street in Gadsden, the site is near Highway 431, I-59, and downtown Gadsden, with an ALDOT traffic count of approximately 21,700.
A detached 1,380-square-foot metal building provides additional space for business operations, storage, or equipment. The property encompasses approximately 2 acres and is served by public water and public sewer. Located on Malone Street in Gadsden, the site is near Highway 431, I-59, and downtown Gadsden, with an ALDOT traffic count of approximately 21,700.
Key Highlights
- Approximately 2‑acre flex‑space property with fenced yard
- Detached 1,380‑square‑foot metal building
- 12‑by‑12 roll‑up door serving the warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,168
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$883,360
$883.4K
Cap Rate 7%
$630,971
$631.0K
Cap Rate 9%
$490,756
$490.8K
Market Conditions
NOI Build-Up for 9,696 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.5K $6.96/SF
− Vacancy
−$4.4K −$0.45/SF
EGI
$63.1K $6.51/SF
− OpEx
−$18.9K −$1.95/SF
NOI
$44.2K $4.56/SF
Area
Etowah County, AL
Vacancy
6.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$883,360
Cap Rate 7%
$630,971
Cap Rate 9%
$490,756
Alternative Uses
Best Use
Flex RnD
$1.14M
$998.0K – $1.33M
NOI $79,841 @ 7.0% cap · market cap 15.97%
Second Best
Office B
$894.6K
$782.8K – $1.04M
NOI $62,621 @ 7.0% cap · market cap 12.53%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $110,974 @ 7.0% cap · market cap 22.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35901, AL
18,671
Population
9,075
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
85%
High-School Grad
59.2 sq mi
ZIP Area
315
Density / Sq Mi
$47,826
Median Household Income
$30,212
Median Earnings
$747
Median Rent
$174,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse improvements include a separate metal building and secured yard area for equipment storage or vehicle maneuvering.
Where is this flex space located?
The property is located at 1229 Malone Street Gadsden, AL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Approximately 2‑acre flex‑space property with fenced yard; Detached 1,380‑square‑foot metal building; 12‑by‑12 roll‑up door serving the warehouse area
